The Empire State made two appearances on the regulatory stage last week, and neither was entirely reassuring. On April 25, bill S8839 was proposed in the New York State (NYS) Senate that would crimin...
Tag: Fraud
Safemoon is down 96.5% down from all-time high after Coffeezilla’s recent fraud allegations
The price of Safemoon dropped over 45% in value within 24 hours and is now down over 96% from its all-time high. This catastrophic drop in price came shortly after Coffeezilla revealed new allegations...
US DOJ indicts Block Bits founder in $1M fraud
The US Department of Justice has charged the founder of the Block Bits Fund with a $1M scheme. The DOJ says that the 44-year old Japheth Dillman was involved in a crypto scheme that defrauded $960,000...
The One Solution That Could Eliminate NFT Fraud
An interview with REV3AL’s founders on building digital counterfeiting and copyrights fraud prevention tools. When it comes to the NFT industry, there’s hardly a single resolution to the industry-agno...
US DOJ Charges Block Bits Founder for $1M Crypto Investment Fraud
The United States Department of Justice (DOJ) has indicted 44-year-old Japheth Dillman, the founder of Block Bits Fund, for misleading investors into committing a total of $960,000 to a false arbitrag...
The Hazards Of Investing In $100 Oil: Part 2
The black hat fits JR Ewing in the TV series Dallas, 07/09/1985 (Part of the Independent Newspapers … [+] Ireland/NLI Collection). (Photo by Independent News and Media/Getty Images) Getty Images...
Alleged ‘Shadow Banker’ Reggie Fowler Pleads Guilty to Fraud in Crypto Capital Case
In brief Reggie Fowler was an operator of Crypto Capital. Crypto Capital helped get exchanges bank accounts, often through shell companies. Reginald Fowler, a former minority owner of the Minnesota Vi...
US Regulators Charge Archegos Capital for Fraud, $10 Billion Swap Loss
The United States’ Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have brought separate criminal charges of trading fraud against family office, Arc...
Opinion: Why I don’t want bitcoin in my 401(k)
Hooray! At long last, the company managing my 401(k) plan will allow me to bet up to 20% of my retirement funds on a digital Ponzi scheme that generates no income and has no practical use. Fidelity In...
FLUID Partners With Lossless to Combat Hacking, Fraud
According to a recent announcement, FLUID, an ultra-low latency liquidity aggregator, has announced its newest partnership with Lossless, the world’s first DeFi hack mitigation tool for token creators...
Crypto Capital exec plans to enter open plea in ongoing fraud case
Reginald Fowler, who sits at the center of a banking fraud case brought by the US government, is seeking to forego his right to trial. Fowler stands accused of engaging in “shadow banking”...
SafeMoon Stays In Controversy: Former CTO Puts His Side Forward About Fraud Allegations
CoffeeZilla has further takes a dig against the crypto project SafeMoon exposing all that he found is suspicious. This time, the former CTO approached the Youtuber following his allegations of the th...
Former SafeMoon CTO ‘Papa’ responds to fraud allegations
YouTuber Coffeezilla, AKA Stephen Findeisen, has been exposing SafeMoon in a series of videos that allege fraudulent practices at the organization. Primarily, this relates to the theft of user funds f...
Marqeta Introduces New Solution for Card Issuers to Combat Payment Card Fraud
Nasdaq-listed card issuing platform, Marqeta today introduced the RiskControl solution, the company’s new product suite to facilitate its customers in better optimization of their card programs. RiskC...
Feds Charge 21 In Sweeping Covid Fraud Crackdown
Topline The Department of Justice announced charges Tuesday against 21 defendants accused of participating in pandemic fraud schemes ranging from making counterfeit vaccination cards to selling fake h...
US Secret Service Has Seized Cryptocurrency Worth Over $102 Million in 254 Fraud Cases – Regulation Bitcoin News
The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate...
Police Arrest Four in India for Crypto Fraud, Confiscate $2 Million
Police authorities in the southern Indian city of Bangalore have arrested four people who were tied to a cryptocurrency ponzi scheme that operated through an app dubbed ShareHash. According to local ...
Coffeezilla Drops 20 Plus Allegations On SafeMoon’s ‘Billion Dollar Fraud’
In his most extensive investigation to date, internet sleuth Coffeezilla has fired a laundry list of allegations at SafeMoon and its founders. Coffeezilla went as far as to allege that SafeMoon founde...
Fraud prevention start-up Seon raises funds to fight sanctions evasion
Fintechs have come under increased pressure to address Russian sanctions evasion, particularly amid concerns that their controls may be more lax than that of banks. Kirill Kudryavtsev | Afp | Getty Im...
Three plead guilty to virtual currency wire fraud in New Hampshire
advertisement Andrew Spinella and Renee Spinella of Derry, New Hampshire, and Nobody (formerly Richard Paul) of Keene, New Hampshire have pleaded guilty to wire fraud involving the use of cryptocurren...
Tesla stockholders ask judge to silence Elon Musk in ‘funding secured’ fraud case
DETROIT — A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case. Lawyers for s...
California Legislator Backs Blockchain To Combat Fraud.
TL;DR Breakdown California Member of Assembly proposes the use of blockchain technology as a solution to fraud cases on employment status. Unemployment benefit fraud is a serious problem in the United...
Sequoia Capital India pledges to take proactive steps amid fraud allegations at some startups
Sequoia Capital India, one of the most prolific and successful investors in India and Southeast Asia, addressed the fraudulent practices allegations levelled against some of its portfolio startups and...
Ex-UBS Advisor Pleads Guilty to Fraud That Funded Multiple Romances
An ex- UBS advisor pleaded guilty in a federal court in Miami to defrauding clients of more than $5 million, the Justice Department said. German Nino, who was charged earlier this year, entered a plea...
Controversy Revolves Around SafeMoon: Former Promoter Accused of Fraud Worth $12M
CoffeeZilla has taken a dig at the former promoter for the crypto project SafeMoon exposing all that he found is suspicious. He disclosed the alleged suspicious dealing of the influencer Ben Phillips...
You Made $700 From an Online Side Hustle. Now the IRS Will Know.
Now that your 2021 taxes are done—or at least under way—it’s time to focus on a key tax change for 2022 affecting millions of Americans making money through platforms like eBay , Etsy , Airbnb , Venmo...
A retired nurse lost $43,000 to bitcoin — watch out for red flags online
A New York retired nurse lost $43,000 of her life savings to bitcoin scammers, after transferring the money to them through a malicious computer pop-up – an unfortunate reminder to be vigilant when it...
SafeMoon embroiled in further scandal as promoter accused of $12 million fraud
SafeMoon is caught up in further controversy as YouTuber Stephen Findeisen, AKA Coffeezilla makes pump and dump allegations against its former chief marketing officer. Specifically, Findeisen calls ou...
Mark Meadows Removed From North Carolina Voter Registration Amid Election Fraud Investigation
Topline Mark Meadows was removed from the registered voter list in North Carolina, according to the North Carolina Board of Elections, as the state investigates allegations the former White House chie...
Coinbase’s Move Towards Arbitration in a Cryptocurrency Fraud Lawsuit Goes Sour – crypto.news
Coinbase Inc., a cryptocurrency exchange firm, has failed in its attempt to compel arbitration in a dispute over cryptocurrency worth more than $31,000, that was stolen from Abraham Bielski. Why Coinb...